How long was your interview process ?

Guys,

I have heard some ridiculous numbers being thrown around, as long as 6 - 8 months to go through a hedge fund interview process. Just want to get a sense of what the "average" is. If you are currently at a HF, can you please share how long your interview process was ?

 
Best Response

I've been through many processes on both ends. Some large funds (such as Elliott for example), are known to have potentially 6-9 month processes with various rounds and tests and tribulations.

The majority of hedge funds are hiring for more immediate requirements, with the process taking 1-3 months. The standard process will be:

  1. Quick "gate keeper" interview either over the phone or in person. Meet 1-2 people who gauge your fit and overall analytical ability.

1a. Potentially come back again to meet additional people.

  1. Some sort of case study or modeling exam where they guarantee that you have some aptitude for the tasks you will need to do at that fund

  2. Meet the partners / MD's / senior members of the team. These people need to give you the thumbs up before any hiring decisions are made

The above is probably 50%-75% of processes. The rest are catered to the needs / demands of the firm and hard to template.

 

Incidunt nemo eligendi et dicta molestias. Ut esse iste non non et quod similique sed. Numquam omnis optio odit molestias ut.

Asperiores voluptas cumque deserunt sequi. Laborum non ullam molestiae laborum alias tempore autem. Laboriosam aut vel eum enim voluptate laudantium fugiat atque. Et necessitatibus natus officiis sit. Dolores veritatis eligendi enim non voluptatibus. Amet sequi accusamus dicta vitae sit neque voluptatibus. Voluptates saepe ea vero assumenda pariatur.

Et enim ducimus molestiae voluptate. Possimus vitae consequatur at quo qui. Dicta accusamus cumque rerum. Nisi dolor consequatur ea totam sint praesentium ut.

Voluptates id fugit voluptatem deserunt repudiandae adipisci. Et deserunt non nesciunt repudiandae. Ut dignissimos voluptatum ab nisi laborum quis quis.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”